Anduin

Aug 3, 2023

Anduin – the trusted innovation leader empowering lasting investor relationships in the private markets – recently announced they had raised $15.6 million in Series B funding. And 8VC led the round with participation from existing investors and GC1 Ventures. The company’s mission is to bring digital transformation to the private markets. And since its founding, Anduin’s flexible platform has revolutionized how LPs of all types invest in alts. Through their category-leading Fund Subscription, Data Room, and Investor Access, Anduin has helped 27,000+ investors onboard at 510+ funds and raise over $55 billion in capital globally. The new financing will fuel the next phase in Anduin’s growth: deepening the functionality and integrations of its core platform and expanding beyond onboarding to support better the vital connection between GPs and their LPs and partners across asset classes and around the globe. This announcement comes on the heels of significant momentum for Anduin. Last year, over 4% of all global private markets capital was raised on the platform – which was made possible by Anduin’s growing roster of leading private equity and venture capital firms, as well as fund administrators, law firms, and technology integrators. KEY QUOTES: “There is so much untapped opportunity in the private markets. The reliance on manual methods for onboarding, collecting documents, receiving funds, sending communications, and conducting middle and back office processes hinders many private funds in an increasingly democratized era of alts where speed, security, and scale are king. There is a deficit of modern infrastructure in the private markets. We built Anduin to fundamentally transform how private market players onboard their investors and interface with them throughout the lifecycle of their investment vehicles.” — Eliot Hodges, CEO, Anduin “Investor relationships are the lifeblood of the private markets. Anduin was founded to facilitate these relationships at every key moment, and we’re excited to renew our support as they work to fulfill this vision.” — Alex Moore, Investor, 8VC “Collaborating with Anduin has enabled Simpson Thacher to provide private fund sponsor clients with a secure, market-leading technology platform that enhances the investors’ experience and the efficiency around the complex fund subscription process. Clients are delighted to see how easy it is to onboard investors and access a centralized dashboard that automatically tracks investor status, comments, and documents in real-time.” — Michael Wolitzer, Head of the Investment Funds Practice at Simpson Thacher & Bartlett LLP Trending on Pulse 2.0